Sure thing. I love the silver hunts you guys do. So let me get the process straight. I can go to my bank, make a $200 withdrawal and ask for it in half dollars? I imagine the regular half dollars all have to be wrapped back up to return them to the bank. Is that right? Anyhow looks fun, I just haven't been inside a bank in a while!
Most banks do not carry half dollars on hand. I have tried to just go to random banks and ask for half dollars. If I do that I will ask how many they have and just trade out cash for them. This is hit or miss I would say out of every 10 banks only 1 or two will have any half dollars.
What we do now is we have an outstanding order at our local bank for $1000 with of half dollars every week. They order them for us. They get weekly shipment lbs from Brinks of all the coins they need for their customers. They do not charge us anything. We go in every week exchange $1000 cash for $1000 in half dollars
We take the half dollars that we sort through to another local bank (different from the one we order from). They have a coin counting machine that is free to use. We dump all the half dollars in and get cash back. We repeat this process every week. So far it has been working.
Sure thing. I love the silver hunts you guys do. So let me get the process straight. I can go to my bank, make a $200 withdrawal and ask for it in half dollars? I imagine the regular half dollars all have to be wrapped back up to return them to the bank. Is that right? Anyhow looks fun, I just haven't been inside a bank in a while!
Most banks do not carry half dollars on hand. I have tried to just go to random banks and ask for half dollars. If I do that I will ask how many they have and just trade out cash for them. This is hit or miss I would say out of every 10 banks only 1 or two will have any half dollars.
What we do now is we have an outstanding order at our local bank for $1000 with of half dollars every week. They order them for us. They get weekly shipment lbs from Brinks of all the coins they need for their customers. They do not charge us anything. We go in every week exchange $1000 cash for $1000 in half dollars
We take the half dollars that we sort through to another local bank (different from the one we order from). They have a coin counting machine that is free to use. We dump all the half dollars in and get cash back. We repeat this process every week. So far it has been working.
Awesome, sounds like you are in the sweet spot right now. Thanks for the info.